renting of co-owned property

Service Tax - Started By: - satbir singh wahi - Dated:- 6-3-2016 Last Replied Date:- 8-3-2016 - Property is co-owned with definite share and it is let out , rent is received individually with individual PAN and TDS. Whether Service tax on Individuals .....

person or not , the honourable SC in para 21 of the judgement has specifically held that '' if the co-owners proceed further and enter into an arrangement or agreement to have a joint enterprise or venture to produce a common result for thei .....

property from which the income is generated is same. Thanks. - Reply By CS SANJAY MALHOTRA - The Reply = Dear Mr. Wahi, Would further add to Mr. Ganeshan views that threshold exemption of ₹ 10 Lacs would apply to each Individual. No Doubt DGST .....

single individual , but it can be taken as statutory guideline as the DGST clarifications can't overrule the Notifications & Circular..... Do refer to the Citation in case as below, which would enable you to strengthen your view point across .....

case of Raman Lal Bhai patel Vs. State of Gujarat 2008 (2) TMI 859 - Supreme Court Of India in civil appeal no. 4420 of 2004, in which to a question as to whether co-owners together are a person or not , the honourable SC in para 21 of the judgement .....